Bodycote International PLC
24 May 2001
Thursday, 24th May 2001
For further information, please contact:
John Chesworth, Managing Director
David Landless, Finance Director
Tel: 01625 505300
Bodycote International plc
Scott Fulton
Tel: 0171 831 3113
Financial Dynamics
Bodycote acquires Finnish coatings company
Bodycote International plc announces that on 2 May 2001, Bodycote
Lampokasstilly Oy, its Finnish subsidiary, acquired the business and the
assets of Oy Galvano AB of Espoo in Finland.
Oy Galvano is the leading commercial anodising company in Finland and offers
aluminium anodising services to the marine, construction, automotive and
engineering sectors.
Sales to the 31 December 2000 were FIM22.1m (£2.3m) and profit before interest
and tax was FIM2m (£210,000). Bodycote paid FIM9m (£941,000) cash for the
acquisition which has net assets of FIM8.8m (£920,000).
The acquisition will allow Bodycote to develop a new range of processes for
the Finnish market.
Ends.
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